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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Document Fiscal Year Focus 2015  
Cash flows from investing activities:    
Proceeds from Deposits on Real Estate Sales $ 4,500  
Cash flows from financing activities:    
Net proceeds from common stock issuance 1,173  
Parent Company [Member]    
Proceeds from Issuance of Unsecured Debt 0 $ 248,705
Cash flows from operating activities:    
Net income 69,271 56,217
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 72,218 73,928
Amortization of deferred loan cost and debt premium 5,058 5,675
Amortization and (accretion) of above and below market lease intangibles, net (936) (1,698)
Stock-based compensation, net of capitalization 5,620 4,534
Equity in income of investments in real estate partnerships (12,324) (16,640)
Gain on sale of real estate (6,460) (2,406)
Provision for impairment 0 (225)
Early extinguishment of debt 61 0
Distribution of earnings from operations of investments in real estate partnerships (22,719) (18,736)
Loss on settlement of derivative instruments 0 (4,648)
Gain on derivative instruments 0 (9)
Deferred compensation expense 581 830
Realized and unrealized gain on investments (1,000) (847)
Changes in assets and liabilities:    
Restricted cash 1,587 37
Accounts receivable (5,895) (10,365)
Straight-line rent receivables, net (3,552) (3,062)
Deferred leasing costs (5,470) (5,323)
Other assets (3,209) (2,016)
Accounts payable and other liabilities (12,004) (1,964)
Tenants’ security and escrow deposits and prepaid rent 1,270 (904)
Net cash provided by operating activities 127,413 119,596
Cash flows from investing activities:    
Acquisition of operating real estate 0 (79,444)
Proceeds from Deposits on Real Estate Sales (4,500) 0
Real estate development and capital improvements (109,118) (93,764)
Proceeds from sale of real estate investments 26,567 7,790
Investments in real estate partnerships (1,344) (4,287)
Distributions received from investments in real estate partnerships 15,014 21,496
Dividends on investments 87 66
Acquisition of securities (20,581) (18,195)
Proceeds from sale of securities 17,169 3,702
Net cash used in investing activities (76,706) (162,636)
Cash flows from financing activities:    
Net proceeds from common stock issuance 955 0
Redemption of preferred stock and partnership units 0 (300)
Distributions to limited partners in consolidated partnerships, net (1,722) (938)
Distributions to exchangeable operating partnership unit holders (151) (152)
Dividends paid to common stockholders (90,625) (85,928)
Dividends paid to preferred stockholders (10,531) (10,531)
Proceeds from unsecured credit facilities 85,000 245,000
Repayment of unsecured credit facilities (40,000) (235,000)
Proceeds from notes payable 2,399 655
Repayments of Notes Payable 76,027 6,615
Scheduled principal payments (2,921) (3,413)
Payment of loan costs (3,746) (2,391)
Net cash used in financing activities (137,369) (908)
Repayments of Unsecured Debt 0 150,000
Net decrease in cash and cash equivalents (86,662) (43,948)
Cash and cash equivalents at beginning of the period 113,776 80,684
Cash and cash equivalents at end of the period 27,114 36,736
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of capitalized interest of $4,015 and $3,272 in 2015 and 2014, respectively) 53,458 54,083
Income Taxes Paid 697 0
Supplemental disclosure of non-cash transactions:    
Mortgage loans assumed for the acquisition of real estate 0 78,049
Change in fair value of derivative instruments 4,494 24,953
Common stock issued for dividend reinvestment plan 683 604
Stock-based compensation capitalized 1,493 1,410
Contributions from limited partners in consolidated partnerships, net 13 95
Non-controlling interest recorded, fair value 0 15,385
Common stock issued for dividend reinvestment in trust 432 384
Contribution of stock awards into trust 1,475 1,847
Distribution of stock held in trust 1,898 4
Available-for-sale Securities, Gross Unrealized Gain (Loss) (30) 914
Partnership Interest [Member]    
Proceeds from Issuance of Unsecured Debt 0 248,705
Cash flows from operating activities:    
Net income 69,271 56,217
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 72,218 73,928
Amortization of deferred loan cost and debt premium 5,058 5,675
Amortization and (accretion) of above and below market lease intangibles, net (936) (1,698)
Stock-based compensation, net of capitalization 5,620 4,534
Equity in income of investments in real estate partnerships (12,324) (16,640)
Gain on sale of real estate (6,460) (2,406)
Provision for impairment 0 (225)
Early extinguishment of debt 61 0
Distribution of earnings from operations of investments in real estate partnerships (22,719) (18,736)
Loss on settlement of derivative instruments 0 (4,648)
Gain on derivative instruments 0 (9)
Deferred compensation expense 581 830
Realized and unrealized gain on investments (1,000) (847)
Changes in assets and liabilities:    
Restricted cash 1,587 37
Accounts receivable (5,895) (10,365)
Straight-line rent receivables, net (3,552) (3,062)
Deferred leasing costs (5,470) (5,323)
Other assets (3,209) (2,016)
Accounts payable and other liabilities (12,004) (1,964)
Tenants’ security and escrow deposits and prepaid rent 1,270 (904)
Net cash provided by operating activities 127,413 119,596
Cash flows from investing activities:    
Acquisition of operating real estate 0 (79,444)
Proceeds from Deposits on Real Estate Sales (4,500) 0
Real estate development and capital improvements (109,118) (93,764)
Proceeds from sale of real estate investments 26,567 7,790
Investments in real estate partnerships (1,344) (4,287)
Distributions received from investments in real estate partnerships 15,014 21,496
Dividends on investments 87 66
Acquisition of securities (20,581) (18,195)
Proceeds from sale of securities 17,169 3,702
Net cash used in investing activities (76,706) (162,636)
Cash flows from financing activities:    
Net proceeds from common units issued as a result of common stock issued by Parent Company 955 0
Redemption of preferred stock and partnership units 0 (300)
Distributions to limited partners in consolidated partnerships, net (1,722) (938)
Dividends paid to common stockholders (90,776) (86,080)
Dividends paid to preferred stockholders (10,531) (10,531)
Proceeds from unsecured credit facilities 85,000 245,000
Repayment of unsecured credit facilities (40,000) (235,000)
Proceeds from notes payable 2,399 655
Repayments of Notes Payable 76,027 6,615
Scheduled principal payments (2,921) (3,413)
Payment of loan costs (3,746) (2,391)
Net cash used in financing activities (137,369) (908)
Repayments of Unsecured Debt 0 150,000
Net decrease in cash and cash equivalents (86,662) (43,948)
Cash and cash equivalents at beginning of the period 113,776 80,684
Cash and cash equivalents at end of the period 27,114 36,736
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of capitalized interest of $4,015 and $3,272 in 2015 and 2014, respectively) 53,458 54,083
Income Taxes Paid 697 0
Supplemental disclosure of non-cash transactions:    
Mortgage loans assumed for the acquisition of real estate 0 78,049
Change in fair value of derivative instruments 4,494 24,953
Common stock issued for dividend reinvestment plan 683 604
Stock-based compensation capitalized 1,493 1,410
Contributions from limited partners in consolidated partnerships, net 13 95
Non-controlling interest recorded, fair value 0 15,385
Common stock issued for dividend reinvestment in trust 432 384
Contribution of stock awards into trust 1,475 1,847
Distribution of stock held in trust 1,898 4
Available-for-sale Securities, Gross Unrealized Gain (Loss) $ (30) $ 914